Ukrainian Hryvnia (UAH)
Ukrainian Hryvnia (UAH)
In Eastern Europe, Ukraine is a key emerging player in the global IT sector. With a deep-rooted tradition in math and engineering, it churns out 30,000 IT grads yearly, propelling its tech rise.
Kyiv, the capital, is Ukraine's tech hub, teeming with innovation, events, and R&D hubs. It's home to experts in AI, blockchain, and game dev.
Valued at $5 billion, Ukraine's IT has grown steadily, backed by rising tech firms. Ranking among the top 20 IT exporters, it showcases tech expertise.
With 200,000+ tech professionals and strong English skills, it's one of Europe's tech giants. Its strategic location, cost advantage, and dedication to innovation make it prime for businesses seeking software prowess.
ALLSTARSIT takes care of everything for you – we have a 360° approach with a full recruitment cycle
In Ukraine, the payroll frequency is strictly regulated. Employees are mandated to be paid bi-weekly, with two payments each month, known as the advance payment and final payment. The payroll cycle occurs between the 15th and 20th and then between the 31st and the 7th of the subsequent month. Additionally, payments should be made no more than 7 days after the conclusion of the relevant pay period, ensuring that the gap between two paydays does not exceed 16 days.
In Ukraine, employers serve as withholding agents, deducting income tax from employee wages. They are responsible for routinely reporting these withheld amounts to local authorities and also bear the responsibility of making social security payments on behalf of their employees. The standard tax rate for employment income is 18%, and there's an added 1.5% military tax imposed on all earnings.
Overtime work beyond the standard weekly hours is subject to regulations specified in employment contracts or collective agreements. Employees may be asked to work overtime or on holidays, but there's a limit of 4 hours over two consecutive days and a maximum of 120 hours annually.
Any overtime that exceeds 40 hours weekly is compensated at a rate of 200% of the employee's regular hourly wage. If overtime occurs on a rest day, an alternative rest day may be offered instead of payment.
It's prohibited for pregnant employees, those with children under 3 years, employees below 18, and those attending school or college to work overtime. For women with children aged 3 to 14 and people with disabilities, employers must obtain consent before assigning overtime.
In specific situations, like accidents causing production disruptions or to prevent production standstills, overtime might be obligatory.
After six months of continuous work, employees have the right to at least 24 days of paid annual leave. This entitlement can be higher for minors and those in challenging or hazardous roles. Any unused leave days can be carried forward for future use.
Employees have the right to four months of paid sick leave. While the employer covers the payment for the initial five days, the Social Insurance Fund compensates for the remaining duration.
Public and Provincial Holidays
There are 12 public holidays in Ukraine. Public holidays falling on weekends are moved to another day instead.
The required notice period varies based on who begins the termination process:
13th Month Bonus
While Ukraine doesn't mandate a 13th-month salary, many employers choose to offer it. This additional payment is seen as a gratuity, with employers often giving it or other performance-related bonuses.
Setting up a separate business entity in every location where you plan to hire employees or a team is time-consuming and incurs high legal fees.
At the same time, navigating local labor laws and adhering to employee expectations can be a complex and challenging task, as is finding accurate and up-to-date employment information for all your potential hiring locations. Not to mention that tracking invoices and managing employee contracts through email and spreadsheets is messy and error-prone.
Compliance is critical in this context, and we must ensure that we follow local guidelines, particularly regarding taxes and legalities.
ALLSTARSIT streamlines the process by offering an integrated solution for finding and hiring employees, managing HR and payroll, and automating compliance across 20+ countries. All simple and hassle-free.
Choose the right expert professionals required for your specific project, saving time and wasted effort.
This service enables software development companies worldwide to meet any technical needs outside their core skill set by adding specialized staff on demand while retaining control of the project's specifications and scope.
Establish R&D / Tech Support / QA & Testing / DevOps / Data Entry Centers in your chosen location.
Forget about investing in facilities, equipment, technology, or human resources. We manage all necessary operations as your specialist. This can help you save money and resources, all while reducing frustration and simplifying internal processes.
Use ALLSTARSIT as your EOR / CM to easily hire employees in new countries without setting up a legal entity.
We act as the employer for your new hire, handling all HR, payroll, tax, and compliance requirements on your behalf, while you maintain control of their workload.
Tap into a wide talent pool of top-tier engineers from our database. We will find the right fit for your business and help you reduce your hiring timeline.
Attract, hire, and retain top talent, building a motivated workforce that drives your business forward.
Managing tech equipment
Retention and risk analysis
Compensation revision & expense returns
1:1 meetings (180-degree)
Performance reviews & periodic surveys
Ongoing client and expert support
Expand your business globally and hire employees or contractors quickly and efficiently by partnering with ALLSTARSIT, who can act as your EOR/CM and handle the administrative and legal aspects of their employment while you control their workload.
Improve your employees' well-being and job satisfaction by offering them a range of corporate benefits through ALLSTARSIT, including wellness consultant sessions, music lessons, workations, gym compensation, and employee recognition programs.
Keep track of your team's progress and satisfaction with ALLSTARSIT's monthly reports and periodic surveys, allowing you to identify any issues and make necessary adjustments to retain top talent.
Enhance your employees' working experience by offering them the possibility of working from an office or securing a seat in a premium co-working space shared area through ALLSTARSIT.
Simplify your HR operations and ensure your employees receive timely and accurate paychecks with ALLSTARSIT's comprehensive payroll solution.
Increase your employees' satisfaction and productivity by providing them with the peace of mind that comes with having access to a reliable and comprehensive health insurance package made possible by ALLSTARSIT.
Invest in your employees' professional development by implementing a comprehensive L&D program that includes access to online education platforms, language classes, and technical meetups, courtesy of ALLSTARSIT.
Build a Customer Care or a Customer Support team to ensure that your business excels in providing exceptional assistance to your customers.
Whether you need a team of professionals that can handle relationship building and product knowledge or a group of Tier 1/2/3 engineers that can help with troubleshooting and other technical issues, ALLSTARSIT can help you find, hire and manage them.